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PBS
Feb 26, 2013 6:30pm PST
, miller and washington. he joins us from washington, d.c. >> tom: lots going on in that building behind you, michael. great to have you back. but more bond buying. do you support that? does the economy still need it? >> the economy probably still needs something in here, tom, yes. watch what happens when bernanke pulls back. we know we'll see some head winds from sequestration, and we've got head winds from higher taxes. so, yeah, with all of the effort that the fed has made and with still close to a trillion dollars in deficit spending, we still only have 2% g.d.p. growth. >> tom: does this impact your investment strategy, your timeline knowing that the federal reserve is going to coine continued buying with both hands? >> not so much the timeline because we really try to buy things and hold them for a long time. it is really tough to judge the fundamentals because you don't know with all of this cash that is being created if you have organic cash or cash on hand to kind of fuel things. it looked like the market was going to pull back here over the past couple of days. it looked
PBS
Feb 7, 2013 6:30pm PST
, douglas burtnick joins us, he's with aberdeen asset management. >> susie: a battle is brewing between a big name hedge fund investor and apple. at issue: how to get apple to unlock value for shareholders. today david einhorn of greenlight capital sued apple to block a move that would stop the use of preferred shares. shareholders will vote on this at apple's annual meeting on february 27. what einhorn is proposing is that apple pay out more of its cash hoard to investors, using a special kind of preferred stock. einhorn has a lot at stake: his fund owns more than one million shares of apple, and while the stock rose a bit today, it's down 35% since its peak of $700 last september. late today apple issued this statement: "apple's management team and board of directors have been in active discussions about returning additional cash to shareholders. as part of our review, we will thoroughly evaluate greenlight capital's current proposal to issue some form of preferred stock." >> susie: joining us now with more, brian white, tech analyst at topeka capital markets. so brian, a lot going on
PBS
Feb 4, 2013 6:30pm PST
, the street.com's david peltier joins us with some consumer product stocks, worth shopping for now. one trading session after topping 14,000 the dow jones industrial average turned back, thanks to analyst downgrades of dow stocks wal-mart and chevron. the blue chips fell 129 points, the nasdaq lost 48 points, the s&p off 17.5 points. >> susie: big stock market selloffs like today's, are rough for retail investors. that's especially true because some have only recently ventured back into stocks. but how do we know if individual investors are really buying equities at all, and why do we care? suzanne pratt reports. >> reporter: maybe you've seen the headlines, or perhaps you've heard the banter on television. what everyone is talking about is the retail investor, and whether he or she is cozying up to stocks again? the answer depends on where you look, and who you ask. financial planner lewis altfest says phones at his firm are busy with clients interested in equities. >> the little guy is coming back into the market. the little guy has got bonds up to his eyeballs, and is starting to pee
PBS
Feb 18, 2013 6:30pm PST
charities. >> well, it's the most popular way to give. and charities can use it right away. but charities who can take stock actually really like appreciated securities because you can sell them right away and turn it into cash. >> tom: is that preferred, though, over just the cold hard cash or the credit card contribution? >> well the credit card contribution is good but the credit card company takes a few percent off the top. so if you think you're giving a hundred dollars on-line, you're really giving $97. if you're giving cash, you can give the full amount. but one of the things about appreciated securities is that donors who give appreciated securities often give larger gifts. so charity's like that and it's pretty inexpensive to sell the security. the other nice thing is the donor gets to deduct the full market value of the gift. so if you pay $10 and just a hundred you get to deduct the $100 and avoid capital gains tax. it's way more gifting of appreciated securities than i think people really know. >> tom: we heard the jingle about donating your car. how about other hard
PBS
Feb 6, 2013 6:30pm PST
historic proportions, to the double-digit returns that stock investors grew used to in the '90s, and perhaps to some extent in the early 21st century. that we're fot going to get there simply because interest rates are so low, the return on stocks and bonds is just not of historic proportion. what we're suggesting is be more conservative. adjust your expectations to 5% to 6%, as opposed to the 9% to 10% you thought you were going to retire on. >> susie: the other thing you say is investors should start transitioning their money, to use your word, something you can sink your teeth in. i'm quoting. this is your report. put your money in gold. tell us why and how should investors do that? >> well, sinking your teeth into that gold coin, when you bite on it to make sure it is real. and other commodities is what i was talking about, and you're absolutely correct. to the extent this credit super nova, this expansion in credit, produces 2% to 3% inflation, and going into the future. then you want to own something that is protected against credit expansion, that you can't reproduce. and that
PBS
Feb 22, 2013 6:30pm PST
deadline. darren gersh, "n.b.r.," washington. . >> chairman of macroeconomic advisers joins us tonight from st. louis. you have been looking at the sequester and fiscal cliff for man moons, joel. a pay cut for hundreds of thousands federal employees april 1. that sounds pretty substantial. is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion potentially taken out of the growth of government spending between march 1 and the end of september and a $4 trillion budget. proportionally for median household income that's the equivalent of $1,000 out of a $50,000 income being taken out. how can that impact economy so much? >> well, it's-- it amounts to something like an 8% c
PBS
Feb 25, 2013 6:30pm PST
vanderbilt, bring us vast knowledge about business issues. and you can read in-depth articles at: www.nbr.com, just look for the "nbr-u" tab. tonight, the bond market rally has lasted for a generation. with interest rates at historic lows, there is concern rates have only one direction to go, and that will push bond prices down. i spoke with franklin allen, professor at the wharton school, and began by asking whether he thinks the 30 year bull run in bond prices, is coming to an end. ask. >> it may do but i woon be sur prised if it went on for a little bit longer. >> when it does end will it be with a whimper or with more of a bang? >> it depends very much what happens between the president and congress in the negotiations about the budget deficit this year, i think. >> we certainly saw in 1994 the last time we had a really big move in a very fast move in interest rates, they moved higher pretty quickly. could we see the same thing if there is no long-term resolution? >> i think it is unlikely that we'll see a very fast move if there's no long-term resolution immediately because
PBS
Feb 27, 2013 6:30pm PST
c.e.o. tim cook sheds little light on how the company plans to use its hoard of cash. that and more tonight on "n.b.r."! for the second day in a row, federal reserve chairman ben bernanke told congress the central bank is not about to change its strategy, and for a second day, a strong rally on wall street. the dow surged 175 points to a five year high, the nasdaq added 32, the s&p was up 19 points. investors and traders warmed to the federal reserve chairman's steadfast support of the central bank's bond buying spree, he thinks the asset purchases are necessary to keep interest rates low in order to spur growth and boost hiring. the fed has been buying $85 billion a month in american i.o.u.'s since last september. while it won't stop the strategy, it will soon start talking about how to stop. >> we haven't done a new review of the exit strategy yet. i think we will have to do that sometime soon. even if we don't sell any securities, it doesn't mean that our balance sheet is going to be large for many years, it just would be maybe an extra year, that's all it would take to get down
PBS
Feb 8, 2013 6:30pm PST
gasoline is also on the rise. joining us now with the outlook for energy, alan harry. he's portfolio manager and c.e.o. of the spartan commodity fund. alan, let me first start off by talking to you about home heating oil. we saw prices up this week 3%. what is the trend going forward? >> well, thank you for having me. what i look at right now is short term we're going up a little bit more. longer term we're heading down. two, three weeks we're going to go up just a little bit more. after that, down we go. >> susie: why is that? >> well, i think we're coming to the close of the heating season. we already have an idea of what days we have left of heating. and it's not using up enough. so they've kept a lot in reserve, a lot of speculation coming to the market, and it's not getting used up. two, three weeks we have a great idea of where we will sit heating season wise. after that, down we go displuz for most of the u.s., households use natural gas. they don't use heating oil. and the ones that do are mostly in the northeast. so come march, will their pricees, their home bills be down? >
PBS
Jan 31, 2013 6:30pm PST
and mexican brewer modelo. using company documents to bolster their case, justice department lawyers says the deal will lead to higher prices for popular beers like budweiser and corona. anheuser-busch inbev says it is still confident the deal will go through. as darren gersh reports, the fight could be a sign more mergers will face a tougher time in washington. >> reporter: the justice department is not quite ready for a two-pack of brewers to control almost half the american beer market. in a statement announcing a lawsuit to block anheuser-bush inbev's $20 billion deal for mexican brewer modelo, assistant attorney general bill baer says >> if abi fully owned and controlled modelo, a.b.i. would be able to increase beer prices to american consumers. this lawsuit seeks to prevent a.b.i. from eliminating modelo as an important competitive force in the beer industry. anheuser-busch was not deterred, saying: >> we remain confident in our position, and we intend to vigorously contest the justice department's action in federal court. >> reporter: the proposed merger between the largest an
PBS
Feb 12, 2013 6:30pm PST
. >> reporter: with earnings season winding down, wall street could use some new headlines to chew on. good economic data would be nice. friendly washington politics would also be helpful. tonight's state of the union speech might give investors a clue as to whether that's likely to happen. veteran trader teddy weissberg is hoping president obama will stress the need for bipartisanship but isn't sure that's what he'll hear. >> in terms of tonight, i don't think anybody that i talk to in the wall street arena expects to hear anything terribly dramatic one way or another. >> reporter: since lawmakers and the white house kicked the proverbial can down the road around new years, the stock market has rallied rather nicely. the s&p 500 is up nearly 7% and the dow is about 150 points away from its all-time high. of course, stocks have been getting help from corporate america, too. it turns out fourth quarter profits were better than expected, led by the housing sector and financial firms. >> about 345 companies have reported so far, of which 70% have beaten earnings expectations and 66% have
PBS
Feb 13, 2013 6:30pm PST
, "n.b.r.," washington. >> susie: president obama also used last night's speech to push for an increase in cyber security. his proposal set the stage for a fresh debate on the urgency for cyber-security. the president made the case that america's power grid, financial institutions and air traffic control systems, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to create cyber security standards for u.s. businesses, and for the government to share more information about threats. but cyber security experts, say while that sounds easy, it's hard to do. >> you can't just inform one party necessarily, you might really have an obligation as a government to inform every player in a sector, and then of course that's a high bar, because you're sharing the information with a lot of people which increases the likelihood that it might get out back into the wrong hands. >> susie: beckstrom says the threat of cyber attack or manipulation to critic
PBS
Feb 14, 2013 6:30pm PST
agriculture, it's far from it. >> so with these direct payment cuts it to farmers are accepted and used to avoid the sequester, does that mean that farmers have given at the office and they're to the going to have further budget cuts in other budget deals? >> yes, yeah, one of the things that i have insisted on is that this counts as the full cut for agriculture under the sequester. it's only fair. >> so one of the things that is in this package that some democrat -- democrats are asking is ending the tax break for companies that ship jobs overseas. when you look at the proposal, it's $20 million a year. now we hear this proposal a lot, ending tack breaks for companies that ship jobs overseas. but at $20 million a year isn't it just symbolic? >> this is my bring jobs home act. it's a very important principles. there are more loopholes that we need to close, no question. but step one is saying you want to move, we're not paying for your moving expenses, you're on your own. >> we're only a few weeks away from the sequester taking effect. and senate democrats are proposing things that repu
PBS
Feb 5, 2013 6:30pm PST
from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture those markets. >> they want to continue to be a hardware player, but the question is, what's from here? where do you go? do you move just into software and services and try to get those higher margin sales? or do you try to continue to be both players? where do you go? >
PBS
Feb 1, 2013 6:30pm PST
important we continue in the upward trajectory. >> darren: alan krueger, thank you for talking with us. >> thank you. >> tom: advertisers are spending more than $3.5 million to advertise during the superbowl. >> susie: a new ticker symbol here at the big board: z-t-s. it's zoetis, the animal health division, spun off today from pfizer. it's the biggest i.p.o. since facebook went public last year. shares jumped 18% from the offering price of $26. as a stand alone company, the new zoetis will be the largest maker of animal health products in the world. so how's it going to be different now that the company is on its own? that's what i asked ceo juan ramon aliax. >> we have leadership innovation, and quality of products. i think we're max miegz the opportunitieses we have in these marketes, which is growing at steady rates. >> susie: juan, it's interesting that the animal health business is a huge industry, and yet investors don't know much about it. what is the future? where is growth going to come from? >> two main factors. one is global. the second is the increase of the middle class.
PBS
Feb 11, 2013 6:30pm PST
miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. second he's going call on business whose balance sheets are in very good shape. he's going to say now is the time to invest in america. you have waited. you
PBS
Feb 21, 2013 6:30pm PST
house is threatening to use trade enforcement authority and sanctions to punish nations that steal u.s. trade secrets. that sounds good and seems fair, but actually putting such a policy into practice is much harder than it sounds. to begin with, it's not always clear who is conducting a cyber attack and options to counter it are still only just being developed. darren gersh takes a look at the challenges of getting tough on cyber thieves. >> reporter: when a country like china dumps tires or other products on the u.s. market, it's pretty clear how to respond: raise tariffs and slap penalties on the producers. but how do you punish a chinese company that is suspected of receiving trade secrets through a government operation the government of china refuses to acknowledge? >> how you sanction a country with regards to cyber-espionage? i think we are still writing the book on that. it's a brand new area of exploration and i don't think policy makers really have the definitive word on how this will be accomplished. >> reporter: a new report says shanghai is home base for a massive chinese
PBS
Feb 19, 2013 6:30pm PST
basically saying, "we think our stock is overvalued, let's use it while we can to buy the competition." >> reporter: there may be a lot more corporate marriages in the months ahead, but stovall says the stock market still needs to digest its recent gains. >> i think that we could end up seeing a relatively mild correction in prices, something on the order of 5% or maybe more. but then we're going to see a lot of investors say, "it's time to jump back in because i missed most of this move." >> reporter: stovall also says any stock market correction needs a trigger. what that may be, however, is anyone's guess. suzanne pratt, "n.b.r.," new york. >> tom: dell is among those companies involved in the deal- making this year. its founder and a group of investors wants to take dell private. in the meantime, the company reported better than expected quarterly earnings late today. dell earned 40 cents per share last quarter. while that's down considerably from a year ago, it is slightly better than wall street estimates. still, business continues to be tough. the lone business dell saw revenue
PBS
Feb 20, 2013 6:30pm PST
. darren gersh, "n.b.r.," washington. >> susie: joe davis joins us now, he's chief economist at vanguard, the giant mutual fund company. >> susie: joe, nice to have you with us on this important day. let me start by asking you, do you think the fed is taking on too much risk? >> i think there is an argument that can be made. we've had a concern for more than a year that there are both costs as well as benefits with respect to very aggressive monetary policy. and just some of the behavior we've seen in the financial markets. i know the report talked about excessive risk-taking. so i've had a concern that those costs associated with monetary policy may not have been given the sort of credence they should have been. so a positive development, in my mind, to today's minutes it was that federal reserve policy-makers were more aggressively talking about both the pros and cons wreaptwith respect to aggressive monetary policy. >> susie: one thing we've been hearing repeatedly from the federal reserve is they're not going to make any change in this policy, raising interest rates, until t
PBS
Feb 15, 2013 6:30pm PST
us back to where we started. big solutions can be expensive. and that's not popular and may not even be possible given our deficits. darren gersh, "n.b.r.," washington. >> tom: it's a street fight, wall street style, over nutritional supplement company herbalife. two of wall street's best known hedge fund managers are on very public, but opposite sides of the trade. the war of words has meant some big swings recently in herbalife shares. ruben ramirez reports on a battle that's being played out in what's typically a very secretive industry. >> reporter: hedge funds typically take big positions in companies and are very careful not to disclose what they're buying or selling. but the battle between hedge fund giants carl icahn, who now owns 13% of herbalife's shares and bill ackman who has a billion dollar short or bet that herbalife shares will fall is taking a nasty turn. >> a number of other hedge fund managers have gone public with shorts especially when they claim that something wrong is going on at a company. what's different in this case is that icahn also came out and was
Search Results 0 to 19 of about 20